Is Lynn Haven, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lynn Haven is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Lynn Haven has remained a Seller's Market.

Key Takeaway

Lynn Haven is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lynn Haven, FL

How much do homes in Lynn Haven, FL cost?

Median Sold Price

$346,000

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$21,000(+6.5%)

Key Takeaway

Homes in Lynn Haven have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in Lynn Haven was $346,000 in February 2024, up 6.5% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $85K-
N/A
2 $211K$210K
-0.5%
3 $289K$300K
+3.8%
4 $385K$375K
-2.6%
5+ $530.6K$484.5K
-8.7%

Summary: Lynn Haven housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 8.7%.

Median Sold Price Compared To Nearby Cities

Panama City
+10.1%
Southport
+8.2%
Lynn Haven
+6.5%

Housing Supply in Lynn Haven, FL

How many homes are available in Lynn Haven, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
137152+10.9%

Summary: The Lynn Haven real estate market had 152 homes for sale in February 2024, a 10.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 5665
+16.1%
4 6365
+3.2%
5+ 1518
+20.0%

Summary: The Lynn Haven housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2129+38.1%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lynn Haven, you may be able to get a good deal. 58.6% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Lynn Haven in February 2024, up by 38.1% month-over-month. Of the 29 sold homes, 59% were sold under asking, 31% were sold at asking, and 10% were sold over asking.

Days on Market for Lynn Haven, FL

How long does it take to sell a home in Lynn Haven, FL?

Average Sale Time

Feb 2023Feb 2024CHANGE
47 Days68 Days+45.7%

Summary: Homes in Lynn Haven had an average of 68 days on market in Feb 2024, up by 45.7% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Lynn Haven are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 29 homes were sold in Lynn Haven; 41% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Lynn Haven, FL

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